Slide 1: Interim results H1 FY25
CONFIDENTIAL Interim results H1 FY25 redcentric
Slide 2: Agenda
Agenda Introductions redcentric ,
Slide 3: Financial review
Financial review David Senior — Chief Financial Officer redcentric
Slide 4: Financial Performance — revenue and profitability
Financial Performance — revenue and profitability Adjusted operating costs Achustoe| EEINDA ee less maintenance capex £86.8m (+6%) Recurring revenue of £78.3m (+5%) equivalent to 90% of total revenue (H1 24: 91%). Non-recurring growth of 18% to £8.5m (£7.2m) H123° H223 124 H224 H125 NB: % variances
Slide 5: Financial Performance — liquidity & earnings
Financial Performance — liquidity & earnings Normalised net cash / (debt) Net bank debt Trade debtors movement per share £9.6m (+272%) £39.9m (-4%) £18.2m (+7%) 2.86p (+90%) H1 25 normalised net cash Decrease of £1.7m reflecting Excellent trade debt profile with Increase in adjusted EPS reflects mov
Slide 6: Group Income Statement
Group Income Statement H1FY24 H2FY24 * Total revenue was £86.8m (H1 FY24: £82.0m) with recurring revenue f'm of £78.3m (H1 FY24: £74.8m), the proportion of recurring revenue is Revenue 82.0 81.2 86.8 5% lower than H1 FY24 at 90.2% (H1 FY24: 91.2%), being more a reflection of strong non-recurring sal
Slide 7: Cash flow and net debt
aa H1 as Adjusted EBITDA 28.3 18.2 Working capital 01 (1.8) Profit on disposal of FA (0.1) - Cash movement on provisions (1.9) - Cash generated from operations 27.4 16.4 Capital expenditure (8.3) (4.1) Corporation tax (0.2) - Interest paid on RCF & term loans (3.6) (1.9) Finance lease interest (1.3)
Slide 8: Summary Balance Sheet
Summary Balance Sheet + The net asset position has improved compared to 31 March 2024, Balance Sheet predominantly due to the increased profitability of the Group. Net bank debt analysis Net bank debt of £39.9m as at 30 September 2024 (FY24: £42.0m). Movement in bank debt analysed on following slide
Slide 9: Dividend policy and share buyback
Dividend policy and share buyback * An interim dividend of 1.2p per share is recommended by Key dividend dates: the Board (FY24: 1.2p per share) * In the medium term the Board intends to maintain a fixed : : Final FY24 I FY25 dividend of 3.6p (interim 1.2p/final 2.4p) and continue with P| Final Fv28
Slide 10: Summary & outlook
Summary & outlook Peter Brotherton — Chief Executive Officer redcentric PUBLIC
Slide 11: Outlook and acquisition strategy progress
The significant improvement in all key profit We anticipate a broadly flat H2 FY25 in terms of measures is a demonstration of the success of the revenue and gross profit, but an improved profit Company’s acquisition strategy. performance arising from c.£0.9m of cost savings The Sungard and other bus
Slide 12: Thank you
PUBLIC Thank you redcentric